Infrastructure Emergency: 50,000 American Bridges Are “Structurally Deficient”

 

Last week, President Trump announced his proposal for a $1.5 trillion infrastructure program in his State of The Union address to the American people. He failed to mention that over the next decade, the federal government would provide very little money whatsoever for America’s crumbling bridges, rails, roads, and waterways.

In fact, Trump’s plan counts on state and local governments working in tandem with private investors to fork up the cash for projects.

In overhauling the nation’s crumbling infrastructure, the federal government is only willing to pledge $200 billion in federal money over the next decade, leaving the remainder of $1.3 trillion for cities, states, and private companies. Continue reading

EU Plan Lets Banks Take Deposits in Crisis

The European Central Bank has unveiled a new set of banking plans that will allow failing banks to freeze their deposits in the event of an economic catastrophe to prevent further bank failures.

 

The European Central Bank has unveiled a new set of banking plans that will allow failing banks to freeze their deposits in the event of an economic catastrophe to prevent further bank failures. Continue reading

NATO Splinters: Germany Completes Withdrawal From Turkey’s Incirlik Airbase

 

Several months after an unprecedented collapse in relations between two NATO member states, on Thursday Germany’s military announced it has finished its withdrawal from Turkey’s strategic airbase Incirlik, which as a reminder was prompted by Ankara’s refusal to allow visits by German parliamentarians. Going forward, Bundeswehr planes will instead be based in Jordan. Continue reading

Worst Crash In Our Lifetime Coming – Jim Rogers

The interview can be viewed on “The Bottom Line”

 

Jim Rogers holds a gold coin (Digital Journal)

 

Legendary investor Jim Rogers sat down with Business Insider CEO Henry Blodget on this week’s episode of “The Bottom Line.”

Rogers predicts a market crash “later this year or next …. write it down.” Rogers say the crash will rival anything he has seen in his lifetime. Continue reading

ALERT: Collapse imminent at Fukushima — TV: Officials find large section under reactor is “unstable… about to collapse” — “Bad, bad news… Time to reconsider that trip to the east coast of Japan” (VIDEOS)

 

NHK World, Feb 3, 2017 (emphasis added): The operator of the crippled Fukushima Daiichi nuclear power plant is examining if it can go ahead with a plan to deploy a robot into one of the damaged reactors at the facility… An analysis of the images found that the radiation level inside the vessel was up to 530 sieverts per hour. Officials speculate that fuel debris–a mixture of nuclear fuel and melted parts of the reactor’s facility–may be emitting strong radiation  inside the vessel… Last week’s probe found that part of a metal grating just beneath the reactor was missing. The robot was supposed to move around on the grating. The image analysis also found that an around one square-meter section near the missing segment is about to collapse. Continue reading

EURO PLUNGE: Single currency could ‘COLLAPSE’ against dollar amid record losing streak

Investors have frantically dumped the single currency over 10 consecutive trading sessions – the worst performance since the euro was introduced in 1999.

Head of the European Central Bank (ECB) Mario Draghi failed to ease fears after warning that the eurozone recovery depends on action by monetary policymakers. Continue reading

Euro “Will Collapse” As Is “House of Cards” Warns Architect of Euro

The Euro “will collapse” as it is a”house of cards” warned Otmar Issing, the founder and creator of the euro in an extraordinary interview on Monday.

In the explosive interview with the journal Central Banking, Professor Issing, said “one day, the house of cards will collapse”  as the European Central Bank (ECB) is becoming dangerously over-extended and the whole euro project is unworkable in its current form.

The founding architect of the monetary union has warned that Brussels’ dream of a European superstate will finally be buried amongst the rubble of the crumbling single currency he designed. Continue reading

Is Deutsche Bank Kaputt?

It looks like Deutsche Bank is heading toward failure. Why might we be concerned?

The problem is that Deutsche is too big to fail — more precisely, that the new Basel III bank resolution procedures now in place are unlikely to be adequate if it defaults.

Let’s review recent developments. In June 2013 FDIC Vice Chairman Thomas M. Hoenig lambasted Deutsche in a Reuters interview. “Its horrible, I mean they’re horribly undercapitalized,” he said. They have no margin of error.” A little over a year later, it was revealed that the New York Fed had issued a stiff letter to Deutsche’s U.S. arm warning that the bank was suffering from a litany of problems that amounted to a “systemic breakdown” in its risk controls and reporting. Deutsche’s operational problems led it to fail the next CCAR — the Comprehensive Capital Analysis and Review aka the Fed’s stress tests – in March 2015. Continue reading

Soros Buying Gold On BREXIT, EU “Collapse” Risk

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Gold in USD (2009 to 2012)

 

George Soros is again buying gold and selling and going short stocks due to BREXIT and EU “collapse” risk, after a six year hiatus from the gold market.

The multi-billionaire hedge fund manager, the man who “broke the Bank of England” and one of the richest and most powerful men in the world has now publicly warned that inflation is likely soon and is voicing concerns about BREXIT, the disintegration of the EU, a Chinese financial crash, global contagion and a new World War.

Soros Fund Management, which manages around $30 billion for the Soros family, is now aggressively selling and going short stocks and diversifying into gold and shares in gold mining companies, due to his now even “gloomier” view of the global financial system and the global economic outlook. Continue reading

Mass Layoffs To Return With A Vengeance

Remember the mass layoffs of 2008-2009? The US economy shed millions of jobs quickly and relentlessly, as companies died and the rest fought for survival.

Then the Fed and the US government flooded the banks and the corporate sector with bailouts and handouts. With those giga-tons of liquidity sloshing around, as well as taking on massive amounts of new cheap debt, companies were able to finance their working capital needs, hire workers back, and even buy-back their shares en mass to make themselves look deceptively profitable. The nightmare of 2008 soon became a golden era of ‘recovery’.

Well, 2016 is showing us that that era is over. And as stock prices cease to rise, and in fact fall within many industries, layoffs are beginning to make a return as companies jettison costs in attempt to reduce losses. Continue reading

A Chinese Banker Explains Why There Is No Way Out

Over the past year, we have frequently warned that the biggest financial risk (if not social, which in the form of soaring worker unrest is a far greater threat to Chinese civilization) threatening China, is its runaway non-performing loans, which at anywhere between 10 and 20% of total bank assets, mean that China is one chaotic default away from collapsing into the post “Minsky Moment” singlarity where it can no longer rollover its bad debt, leading to a debt supernova and full financial collapse. And as China’s total leverage keeps rising, and according to at least one estimate is now a gargantuan 350% of GDP (incidentally the same as the US), the threat of a rollover “glitch” gets exponentially greater. Continue reading

‘America is a bomb waiting to explode’

As anti-American as the state-owned (Kremlin) propaganda outlet RT is, there couldn’t be more truth behind this article:

 

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© Mario Anzuoni / Reuters

 

The United States is in decline. While not all major shocks to the system will be devastating, when the right one comes along, the outcome may be dramatic.

Not all explosives are the same. We all know you have to be careful with dynamite. Best to handle it gently and not smoke while you’re around it.

Semtex is different. You can drop it. You can throw it. You can put it in the fire. Nothing will happen. Nothing until you put the right detonator in it, that is.

To me, the US – and most of the supposedly free West – increasingly looks like a truck being systematically filled with Semtex.

But it’s easy to counter cries of alarm with the fact that the truck is stable – because it’s true: you can hurl more boxes into the back without any real danger. Absent the right detonator, it is no more dangerous than a truckload of mayonnaise.

But add the right detonator and you’re just one click away from complete devastation. Continue reading

Glencore Collapse Could Be Even Worse Than Feared

Editor’s Note: We’re sharing this update on Glencore’s collapse with you because it’s shaping up to be even worse than Michael originally thought. Glencore still poses a “Lehman Brothers”-level risk to the global economy – but it’s now clear the world’s biggest commodities trader is on the hook for hundreds of billions in “shadow debt” that it simply refuses to address. This crisis is one small step away from upending our financial system, so here’s what you need to know…

A lot of powerful voices have joined me in warning about the potential threat that Glencore Plc. (LON: GLEN) poses to global financial markets. Bank of America, for instance, has published a report on the true size of the fallout. As you’ll see in a moment, it’s staggering.

But since we talked about Glencore late last month, something insane has happened: The stock has gone up.

But not for any good reason. The company has not righted the ship. The surge is only due to short-sellers covering their positions. Continue reading

US Losing Its Positions of World Power – Former US Military Official

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Wilkerson believes that the future of the US military power looks very pessimistic. In his speech to students at Lone Star College in Kingwood, Texas he said that shortly before their demise, empires concentrate on the use of military force as the alpha and omega of their power.

According to Wilkerson, empires also start to use mercenaries instead of regular soldiers when they are about to collapse. This was the case in Syria, when the US financed rebels and contributed to the deterioration of the situation. Continue reading

Fed, Central Banks Trapped – Gold Foundation of Exter’s Pyramid

Essentially, the price of gold has been kept artificially low and should be well over $2000 per ounce by now. The manipulation game with gold, currencies and the economy in general cannot continue indefinitely and we’ll see that soon. The Fed is running out of tricks.

 

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The future direction of the planet is between the central bank’s counter-party paper Ponzi currency or the independence of real money.

Foresighted central banker John Exter is famous for his classification of risk assets. Using Exter’s Golden Pyramid the riskiest assets are those at the bottom of the pyramid and situated at the top of the apex is gold bullion – independent from the counter-party risk of central banks’ paper and electronic currency.

At the bottom of the wealth asset pyramid are overleveraged paper derivatives estimated to be a magnitude of up to six times the world’s wealth. An example of this is in Germany today where it was recently estimated that Deutsche Bank has a massive 70 trillion dollars worth of exposure to derivatives. Meanwhile, annual GDP in Germany is just 4 trillion dollars.

Warren Buffett warned of these “financial weapons of mass destruction.” Continue reading